Wu Pengju looked at Li Rui blankly, there was really nothing he could do.

Li Rui indeed brought him a lot of achievements, allowing Guangdong Publishing to set a new record in profit this year. This is something Wu Pengju needs to thank Li Rui for.

But Wu Pengju also knew in his heart that the price of creating profits was that Guangdong Development Bank took huge risks on behalf of Li Rui.

Let’s calculate how many loans Li Rui issued in Guangdong.

Mortgage, 40 million.

Land mortgage loan, 300 million.

Jade mortgage loan, 80 million.

By the way, Li Rui still has a loan of 300 million from China Merchants Bank!

Wu Pengju couldn't understand why Li Rui had borrowed so much money.

Now that Li Rui is working on an unfinished project again, Wu Pengju really wants to ask him, is it because the debt pressure is not high enough?

Li Rui, can you tell me exactly what you are thinking? Otherwise, I won’t be able to help you even if I kill you. Wu Peng said exhausted.

Li Rui smiled and said: OK, then I will tell you.

Li Rui spent twenty minutes talking about the Yijiangnan project and his predicted development potential, and finally said: Even if we calculate that housing prices in Suzhou will reach the range of 20,000 to 30,000 yuan in three years, this market will

There is still a profit margin of about 4 to 5 billion. Wu Xing, don’t you think this is a very good investment project?

Wu Pengju was dumbfounded. After careful calculation, it turned out that just as Li Rui said, this unfinished deal had great potential!

He also became excited: According to you, Yijiangnan is really a good project. But, are you so sure that housing prices in Suzhou will skyrocket?

Li Ruidao: Since the end of last year, land prices in major large and medium-sized cities across the country have started to increase, especially in first- and second-tier cities. The increase has been very obvious. The country obviously needs real estate as a pillar industry to drive a new round of economic development. In the next ten years,

2020 is bound to be a period of high housing prices. Suzhou has an advantageous geographical location, a developed economy, and an urgent desire for private investment. Housing prices will inevitably develop by leaps and bounds. I believe that housing prices in Suzhou will rise to three to four in ten years.

10,000 intervals.

In fact, Wu Pengju has heard a little bit of what Li Rui said, and the recent rapid development of Guangdong Issuance's housing loan projects has formed a major profit point, which can also prove the popularity and growth of the real estate market from one side.

Based on this trend analysis, Li Rui's prediction is very likely to come true.

Then wouldn't you be able to make a lot of money on the piece of land next to Yuanhang Xintiandi? Wu Pengju suddenly thought of something.

Li Rui smiled and said: I am not going to develop that piece of land. I will hoard it for a year or two and then sell it after it has increased seven to eight times.

Wu Pengju felt like his head was buzzing.

How that piece of land fell into the hands of Li Rui, no one knows better than Wu Pengju. Li Rui's holding of the land was equivalent to a white wolf with nothing.

If he really made money seven or eight times, that would be too unreasonable!

Wu Xing, are you okay? Seeing that Wu Pengju's face looked ugly, Li Rui asked.

Wu Pengju smiled bitterly: It's very bad. When I think about you making so much money, I feel bad.

Li Rui laughed and said: Do you want me to lose money? It doesn't matter if I lose money, do you still want to recover the loans issued by you in Guangdong?

Wu Pengju was speechless: Our bank took such a big risk to lend you a loan, and earned only a pitiful interest. You paid nothing and earned so much. I don’t think it’s fair no matter how much I think about it.

Complaints were complaints. After calming down, Wu Pengju still called Suzhou.

This phone call lasted for half an hour before Wu Pengju came back with a strange look on his face.

Wu Xing, how was the conversation? Are you willing to meet there? Li Rui asked.

Wu Pengju pondered for a moment and said: Li Rui, let me ask you the truth. How much do you plan to invest in this project?

Li Ruidao: The loan from Guangdong Development Bank is 470 million. Plus other debts, it will cost about 700 million to take over. To restart and follow-up construction funds, it will cost about 800 million.

You have so much money in your hand? Wu Pengju said in surprise.

Li Rui shook his head: How could I have so much money, otherwise why would I come to you?

Wu Pengju nodded and said: In other words, you plan to repay the debt of Amnesia Jiangnan first, turn it from a bad deal into a clean subject matter, and then use it for loans, right?

That's right.

Wu Pengju said: I have a better opinion, I wonder if you are willing to listen to it.

you say.

Your plan is actually in compliance with the procedures, but you have overlooked one problem. Yijiangnan itself is a long-term bad debt, which has had a great impact on the profits of the Suzhou Branch. The head office and the central bank have also filed records to keep the balance.

Even if you pay off all the accounts, it will still be a non-performing asset within Guangdong Development Bank. It is absolutely impossible for Guangdong Development Bank to give you a loan. The Suzhou branch will not, and neither can I here. Wu Pengju said.

Li Rui frowned, this was a new situation that he had not expected.

Can't we be accommodating with this kind of thing?

Wu Pengju shook his head: It is impossible to be more accommodating. When Yijiangnan became a bad debt, the Suzhou branch had already been punished, and some people were even dismissed from their posts. If there is a problem with the refinancing of this project, it will be a big trouble. No one dares to take the risk

this risk.

Li Rui nodded and said: I understand, Wu Xing, what is your opinion just now?

My opinion is that you don’t want to pay back the money. Wu Pengju smiled half-heartedly and waited a moment.

What does it mean? Li Rui doesn't understand.

Wu Pengju lowered his voice: Do you know what will happen if a bank loan cannot be recovered?

Li Rui shook his head.

He really doesn't know much about this.

Wu Pengju said: The most common way for banks to deal with this kind of loans is collection. If collection fails, they will take legal action to preserve the frozen assets. Now Yijiangnan has been frozen by Guangdong Issuance, and it can only be unfrozen after the debt is repaid.

.

The problem is that the Yijiangnan project has been frozen for more than five years. For us, it can be considered as irrecoverable bad debts. Such bad debts must be registered for bad debt write-off and reported to the central bank for bad debt provision.

Losses also appear in annual financial statements.

Banks will not write off bad debts unless absolutely necessary. In this case, the third method is needed, which is the outsourcing of debt sales. Banks transfer debts to third-party institutions for processing. These institutions are large-scale assets established by the state.

Management companies, such as Huarong, Xinda, Dongfang and Weicheng, which you should also have heard of, specialize in disposing of various non-performing assets for banks.

Li Rui's eyes lit up.

He guessed what Wu Pengju was going to say.

That's right, why did he get into trouble before?
Chapter completed!